The Financial Action Task Force (FATF) on February 21, decided to keep Pakistan in the Grey List for four more months for its insufficient ability to curb money laundering and terror financing, said a statement issued by the Finance Division after a review meeting in Paris, reports Pakistan Today. “FATF members agreed to maintain Pakistan’s status on FATF’s Compliance Document, normally referred [to] as the Grey List,” the FATF press release said and “strongly urged” Pakistan to “swiftly complete” its full action plan by June 2020. “Otherwise, should significant and sustainable progress especially in prosecuting and penalising TF (terror financing) not be made by the next Plenary, the FATF will take action,” it added. It said such action could include calling on its members to order their financial institutions to give particularly rigorous attention to business relations and transactions with Pakistani clients.